Vietnam Bond Drops as Government Lifts 2011 Inflation Forecast
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Vietnam’s five-year bonds declined for a second day after the government lifted its year-end inflation forecast, damping demand for debt. The dong weakened.
Consumer prices may rise as much as 17 percent in 2011, compared with the outlook for 15 percent in June and a May prediction of 11.75 percent, the government said on its website yesterday. Inflation accelerated 20.82 percent in June from a year earlier, the fastest pace since November 2008, according to the General Statistics Office in Hanoi.